Avolon delivers one Boeing 737-800 aircraft to Flydubai Sixth aircraft on lease to Flydubai NYSE: AVOL Dublin | May 29, 2015: Avolon (NYSE: AVOL), the international aircraft leasing company, announces the delivery of one Boeing 737-800 aircraft to Flydubai. This is Avolon’s sixth aircraft on lease to Flydubai. The delivery was financed by Arab Banking Corporation (“ABC”). ENDS About Avolon Headquartered in Ireland, with offices in the United States, Dubai, Singapore and China, Avolon provides aircraft leasing and lease management services. Avolon has an owned, managed and committed fleet of 251 aircraft serving 51 customers in 29 countries as of March 31, 2015. Avolon is listed on the New York Stock Exchange, under the ticker symbol AVOL. www.avolon.aero About Arab Banking Corporation ABC is a leading international bank in the MENA region and provides innovative wholesale financial products and services that include corporate banking, trade finance, project and structured finance, syndications, treasury products and Islamic banking. It also provides retail banking services through its network of retail banks in the region. ABC is a leading provider of asset-backed aircraft finance to airlines and lessors throughout the MENA region. Forward Looking Statements This document includes forward-looking statements, beliefs or opinions, including statements with respect to Avolon’s business and lessee relationships, and plans. These forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond our control and all of which are based on our management’s current beliefs and expectations about future events. These risks, uncertainties and assumptions include, but are not limited to, the following: general economic and financial conditions; the financial condition of our lessees; lessee defaults and attempts to repossess aircraft; our ability to successfully re-lease our existing aircraft and lease new aircraft; our ability to negotiate and enter into profitable leases; periods of aircraft oversupply during which lease rates and aircraft values decline; changes in the appraised value of our aircraft; competition from other aircraft lessors; and the limited number of aircraft and engine manufacturers. These and other important factors, including those discussed under “Item 3. Key Information—Risk Factors” included in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission on March 3, 2015, may cause our actual events or results to differ materially from any those expressed or implied by the forward-looking statements contained in this document. We expressly disclaim any obligation or undertaking to update these forward-looking statements contained in this document unless required to do so by applicable law. For further information: Dónal O’Neill Jonathan Neilan Jennifer Peters Avolon T: +353 1 231 5843 T: +353 1 663 3686 T: +353 1 663 3684 M: +353 87 251 1799 M: +353 86 231 4135 M: +353 87 178 7021 [email protected] [email protected] [email protected] Page 1